For the six months to December 2015 Aveo Retirement made an operating profit of $29.1M, a 12% increase over the same 2014 result. They have had stable sales but have achieved price increases. They target 3.65% price growth in the medium term.

29 new units were delivered in the six months with a further 153 planned to be sold January to June, taking them to 182 new units over 12 months. They have 96% occupancy. The average age across their portfolio has moved out to 82.

Importantly they have sold 317 Aveo Way contracts, indicating their 35%/4 year DMF with no Capital Gains but no marketing and refurbishment costs has been accepted by the market.